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Mudra Lifestyle Ltd IPO allotment status can be checked here.

Idea shares have been credited to demat accounts of applicants.

However the registrar’s site is not showing the status.

The status will be available here from Monday.

For every 4 shares applied, 1 has been alloted.

For example,

those who applied for 1260 shares have got 344.
those who applied for 630 shares have got 172.
those who applied for 450 shares have got 123.
Idea may not give much premium on listing, but it is definitely a long term hold. India’s cellular market is the fastest growing market in the world and investors who hold for 5+ years, may have a multi bagger in their hands.

Market regulator SEBI (Securities and Exchange Board of India) is considering a first day price band for new scrips.

The objective is to prevent manipulation of new scrips to unreasonable price levels. Currently there is only a dummy filter, which just informs the exchanges when a new listing’s price goes up by 100% or more.

Recently many new listings have seen exorbitant first day prices.
For example, Nissan copper whose issue price was Rs 39, touched a high of 136 on listing. SEBI is currently investigating trading details of all such stocks.

One day before the railway budget is announced, railway minister Laloo Yadav has stated that people can expect a “good” railway budget and that interests of all sections of society have been kept in mind while preparing the budget.

He also added that safety and security issues have also not been neglected.
Laloo did not talk about any particular change, but it is likely that freight charges on essential commodities will be reduced to fight inflation. Indian railways currently has a cash surplus of 2.5 billion dollars and can afford to cut charges on certain goods. For years the railways had been a loss making “white elephant” for the government, but since last year has started making profits.

The allotment status of Indian Bank IPO is now available here.

Investors should book profit on listing. There are many better banks available in the markets at cheaper valuations.

At Rs 91 the PE ratio of the stock works out to be 6.25 and price to book value ratio works out to be 1.66. The stock will definitely list at a premium and valuations will look stretched then.

The allotment status of Initial Public Offering (IPO) of Mindtree consulting will soon be available here.

Investors should hold this stock – no matter what the listing price is.

Mindtree is one of the fastest growing IT firms in India and this stock may well be the next multibagger in the IT sector after Tech Mahindra.

PFC IPO allotment status can be checked here:

Power Finance Corporation Limited

The allotment status for FirstSource IPO applications can be checked here:

FirstSource IPO Allotment Status

An overwhelming support from foreign institutional investors (FIIs) has made Power Finance Corporation’s IPO one of the most successful IPOs of recent times. This Rs 1000 crore issue has received applications of close to Rs 75000 crore.

The subscription levels in each category are:

Qualified Institutional Buyers (QIBs) – 137.17 times.
Non Institutional Investors – 48.80 times.
Retail Individual Investors (RIIs) – 8.53 times.
Employees – 1.14 times.

The issue would make up around 10.22% of the fully diluted post-issue capital of the company. The proceeds of the IPO would mainly be used for funding capital equipment, toll projects and enhancing the working capital.

Tata Steel’s recent purchase of Corus is the largest international buyout by an Indian firm.

The $12.1 billion that will be used by Tatas is not a small amount.

An article in the Times of India presents some astonishing figures:

The amount used by Tata steel for the purchase – Rs 54500 crore can be utilized for any one of the following:

-Finance India’s healthcare and education budget for 1.5 years.

-Finance India’s defense budget for six months.

-Finance salaries of all central government employees for 1 year and four months.

-Finance all major subsidies provided by the Indian government for 1 year and three months.
-Can be used to build 4500 kms on expressways in India.

-Can be used to build 80 new AIIMS (All-India Institute of Medical Sciences) across India.